Meta Description – Here are the best mutual funds to invest in for the long term as of October 2022.
Popular equities have fallen 50%, 70%, and even 90% from their all-time highs amid recent market volatility. With stock volatility, many investors want to simplify the process and let professionals handle their stock to make it more lucrative during down market hours. Hence, they buy the best mutual funds.
However, it requires selecting the top mutual funds from among the hundreds that are accessible. How can you choose the best from the rest? A robust management committee, which can regularly identify performance that exceeds the criteria, must be the foundation of that screening procedure.
Additionally, companies must have higher-than-average five-year trailing returns; reduced sales load or commission to cut expenses; lower-than-average expenditure ratios to decrease continuing costs, and other quality standards.
But with thousands of available funds, how do you narrow down the one best for your portfolio? Be at ease; the top traders in India have done the legwork and assisted us in compiling a list of the best Indian mutual funds.
The Best Mutual Funds In India In October 2022
Here, we examine 10 outstanding mutual funds to invest in over the long term using the standards we previously covered. This list consists of various primary holdings, including bond funds, sector products, and broad exposure to Indian stocks.
Since “one size doesn’t fit all,” we have highlighted the top mutual funds accessible via the Best Mutual Fund App. Following is a breakdown:
Equity
- UTI Nifty 50 Index Fund Direct-Growth – Large Cap
The open-ended large-cap equity fund: UTI Nifty 50 Index Fund – Direct Plan, is a product of the UTI Mutual Fund House. On January 1, 2013, it was made available to the public.
The fund’s goal is to “invest in equities of firms that make up the Nifty 50 Index and aim to attain return indicative of the Nifty 50 Index via passive investing.” It is compared to the NIFTY 50 Total Return Index to determine its performance.
- Canara Robeco Flexi Cap – Equity Flexicap
The open-ended Flexi Cap Equity plan owned by Canara Robeco Mutual Fund House is the best in this category. On September 16, 2003, it was made available to the public.
It is compared to the S&P BSE 500 to determine its performance. The fund aims to make investments: ” An investment in equities and other securities will provide capital appreciation in the plan.”
The plan would use a bottom-up investment approach to find businesses with strong competitive positions in profitable industries and top-notch management. In the scheme’s open-endedness, a part of the portfolio may be invested in money market instruments to satisfy the typical repurchase requirements.
- Axis Midcap – Equity Small And Midcap
The open-ended Mid Cap Equity Program of Axis Mutual Fund House is the best in this category. On February 18, 2011, it was made available to the public.
The fund aims to “target long-term capital appreciation by principally investing in stock & equity-linked securities of Mid Cap firms.” The S&P BSE 150 MidCap Total Return Index serves as its benchmark.
- Canara Robeco Equity Tax Saver – Equity (Taxsaver)
The open-ended ELSS Equity plan owned by Canara Robeco Mutual Fund House is the best in this category. Launched on February 2, 2009.
The fund’s goal is to make investments that “The strategy focuses primarily on investing in stocks to generate long-term capital appreciation. Additionally, it provides tax advantages under Section 80C.
Primary and secondary markets and international stock markets like ADRs and GDRs are all possible places for investing.” The S&P BSE 500 Total Return Index serves as a benchmark.
Hybrid
- Edelweiss Balanced Advantage – Balanced Advantage
The open-ended dynamic asset allocation hybrid Edelweiss Balanced Advantage Fund – Regular Plan is a product of the Edelweiss Mutual Fund House. On August 14, 2017, it was made available to the public.
“The scheme will invest in arbitrage possibilities, equity derivative strategies, pure equity investments, and the balance in debt and money market instruments,” states the investment aim of the fund. The NIFTY 50 Hybrid Composite Debt 50:50 Index serves as its benchmark.
- Kotak Equity Arbitrage – Arbitrage
The open-ended hybrid arbitrage Kotak Equity Arbitrage Fund Regular Plan is a product of the Kotak Mahindra Mutual Fund House. On September 29, 2005, it was made available to the public.
“The plan aspires to create income via arbitrage possibilities arising from a price discrepancy between the spot & futures market. And also, by the deployment of excess capital in fixed income instruments,” reads the fund’s investment goal. The NIFTY 50 Arbitrage Total Return Index serves as its benchmark.
Debt
- HDFC Corporate Bond – Short Term
The HDFC Mutual Fund House manages the open-ended corporate bond debt HDFC Corporate Bond Fund. On June 29, 2010, it was made available to the public.
According to its investment objective, the fund attempts to create income and capital appreciation by investing primarily in AA+ and above-rated corporate bonds. The NIFTY Corporate Bond Index B-III serves as a benchmark.
- HDFC Credit Risk Debt – Credit Risk
Open-ended Credit Risk Debt plan HDFC Mutual Fund House’s HDFC Credit Risk Debt Fund – Regular Plan is the best in this category. The fund began operations on March 25, 2014.
According to the fund’s investment objective, the plan intends to create income/capital appreciation by investing primarily in AA and lower-rated corporate debt. The NIFTY Credit Risk Bond Index C-III serves as its benchmark.
- HDFC Money Market – Less Than A Year
The HDFC Mutual Fund House owns the open-ended money market debt HDFC Money Market Fund. It launched on November 18, 1999.
The fund aims to “produce income and capital appreciation by investing in money market instruments.” NIFTY Money Market Index B-I serves as its benchmark.
The Final Word
Even seasoned investors may feel intimidated by mutual funds due to the variety of options available. Anyone would doubt their choice of investments given the enormous range. Despite this, there is no need to be alarmed.
If nothing else, since their founding, individuals have been investing in mutual funds successfully. With a succession of logical steps, they have subsequently led the way for the rest of the investment world.
We are sure you will discover the ideal mutual fund for your particular requirements from the list we have given above.
